Opportunities for Internet of Things (IoT) in Smart Buildings

Adoption of Common Standards for Cyber-physical Systems is Vital for Market Growth

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Published: 20 Mar 2015

Accelerating adoption of IoT in building management will change the market dynamics of smart buildings as a result of the low prices of IoT-based components and availability of advanced integrated software solutions. This will maximise operational and energy efficiency, enhance innovation, develop remote services more easily, and create new and valuable insights for end users. The development of flexible and cost-effective cloud-based applications that convert green and smart data into a decision-making platform for smart buildings is essential to extract the full potential of IoT.